Selling a property is a complicated task that requires all of your attention and time. If you want to sell your property on your own without any external help, you must see both sides of the picture before finalizing your decision. It will help ensure whether you are capable of handling this responsibility alone or not by tackling the cons effectively.
Here are a few pros and cons of selling a property without an agent mentioned.
Pros
Let’s talk about the pros first.
- Save Money
One of the biggest pros of selling a property without the agent is that you can save a lot of dollars. The real estate agents are professional experts, so they charge a significant amount of money to offer their services. If you go for the process of ‘For Sale by Owner’, you can use that money for some other purposes.
- Control
You have all the control over the home selling process when you manage it yourself. You won’t have to listen to anyone regarding how you should market your home, the price you should demand, and the way you negotiate. Moreover, when you are the decision-maker, it is highly likely that you will act more consciously and wisely since you cannot hold someone else accountable for your mistakes.
- Undivided Attention
The agent you hire would also have other clients to deal as well. This way, he cannot give all of his attention to your home selling process. However, when you are selling your home on your own, you can give your undivided attention to every step of the process. You can also invest all of your time in it to ensure that you are always available for the potential buyers who are willing to pay a fair price for your home.
Cons
Now, let’s talk about the cons.
- Network
You might not have an established network that is required to sell your home. However, when you hire an agent, he has a vast network that he can use to spread the word. He will also have connections with other agents who might further know people who are looking for a kind of home that you have.
- Online Websites
Most of the buyers are looking for homes online. But with an FSBO, you won’t have authentic online websites to attract buyers. However, agents already have the official websites that they use to advertise your home.
- Safety
When you carry out the home selling process alone, your safety is always at stake. You put your personal information out on the internet world so anyone can misuse it. Moreover, when buyers show up at the home tours, your valuable belongings are also at risk. On the other hand, when you hire an agent, it’s his responsibility to keep both your information and belongings safe. So, you will have to be extra conscious in such critical situations when you are the one responsible for your safety.
